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Revised PPP Loan Forgiveness Applications and Guidance - Update #4 | Schwabe, Williamson & Wyatt PC

Below are 10 important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness ‎Applications and the detailed instructions for the revised and updated applications. ....

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What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans - Update #4 | Schwabe, Williamson & Wyatt PC

To embed, copy and paste the code into your website or blog:
Unpacking the Economic Aid Act and American Rescue Plan Act: Consolidated First Draw PPP Interim Final Rule, New First Draw PPP Loans, and Increases to First Draw PPP Loans
On January 6, 2021, the Small Business Administration (the “
SBA”) and the Department of Treasury released an Interim Final Rule called “Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act” (sometimes referred to as the “
Consolidated First Draw PPP IFR” or the “
IFR”). That rule restates existing regulatory provisions into a single regulation on borrower eligibility, lender eligibility, and loan application or origination requirement issues for new First Draw PPP Loans, as well as general rules relating to First Draw PPP Loan increases and loan forgiveness. ....

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Small businesses can collect thousands of dollars from ERC

Here are the qualifications:
Employer Retention Credit 2020 requirements
Must have averaged less than 100 full-time employees in 2019 (99 full time and 500 partime would still be eligible)
Up to $5,000 per employee available as a refund from the IRS (regardless of what you paid-in)
Available to all employers/industries that:
suffered a 50% revenue decrease for a quarter vs 2019 (ex: Q2 2019 vs Q2 2020), or
were forced to shut down by government order, or
faced a capacity limitation (i.e. restaurant, bar, gym, etc.)
Employer Retention Credit 2021 requirements
Must have averaged less than 500 full-time employees in 2019 (499 fulltime and 5,000 parttime would still be eligible)
Up to $7,000 per employee per quarter, available as a refund from the IRS (regardless of what you paid-in) ....

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What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans - Update #2 | Schwabe, Williamson & Wyatt PC

What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans - Update #2 | Schwabe, Williamson & Wyatt PC
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What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans | Schwabe, Williamson & Wyatt PC

What to Know about the Paycheck Protection Program, Round Two – First Draw PPP Loans | Schwabe, Williamson & Wyatt PC
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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